EV Industry demands high increase in charging infrastructure

The urgent need for rapid development of the charging infrastructure is becoming increasingly strident among electric vehicle (EV) participants, including manufacturers and start-ups, as the ambitious government goal of one million EV sales in 2023 looms.

According to an EV insider, the transportation sector is at a turning point when getting from Point A to Point B must be done responsibly and with consideration for the environment.

According to Vinod Agarwal, MD and CEO of VE Commercial Cars, a joint venture between Volvo Group and Eicher Motors, "We forecast rapid adoption of our electric and clean technology vehicles by customers as charging infrastructure improves and green energy becomes widely available."

The advantages of

electric vehicles in India

The CEO of Euler Motors, Saurav Kumar, stated that "the industry should also emphasise making electric vehicle financing easier to obtain while continuing to enhance the charging and service infrastructure."

Uday Narang, the creator of Omega Seiki Mobility, demanded that the government provide incentives and support for electric trucks. Although there have been creative ways to finance EVs, he believed that building charging infrastructure is still urgently needed.

According to Sunjay Kapur, president of the Auto Components Manufacturing Association (ACMA), EV parts now comprise 2.7% of the components industry's total revenue, up from 1% in 2021–2022.

“We've achieved significant advancements in the supply of components for electric vehicles thanks to more money being put into technology,”  he claimed,